NYSE$MAIN
Main Street Capital Corp. · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported strong fourth-quarter results, demonstrating the strength of portfolio companies and their recovery from the COVID-19 pandemic impacts.
Main Street Capital Corporation announced its Q4 2020 financial results, featuring a net investment income of $0.59 per share and distributable net investment income of $0.63 per share. The company's net asset value stood at $22.35 per share. Main Street highlighted its investment origination success and its ability to generate distributable net investment income exceeding monthly dividends.
- Net investment income was $39.6 million, or $0.59 per share.
- Distributable net investment income was $42.3 million, or $0.63 per share.
- Total investment income reached $62.5 million.
- Net asset value was $22.35 per share as of December 31, 2020.
Headline financials
Revenue & EPS history
Main Street Capital · Revenue · Quarterly
$62.5M
Revenue by segment
Main Street Capital · $62.5M total across 3 segments · Q4 2020
- Interest Income$45.1M—72.1%
- Dividend Income$12.4M—19.9%
- Fee Income$4.99M—8.0%
Forward guidance
Management expressed optimism about navigating the economic environment and executing investment opportunities.
Tailwinds
- Continued effectiveness in raising, investing, and managing capital.
- Successful execution on pipeline of attractive lower middle market and private loan investment opportunities
- Conservative capital structure and significant liquidity position
- Ability to manage the recovery from the pandemic from a position of strength
- Ongoing recovery from the impacts of the COVID-19 pandemic
Headwinds
- Adverse changes in the economy generally or in the industries in which Main Street's portfolio companies operate.
- Potential impacts of the COVID-19 pandemic on the business and operations, liquidity and access to capital of Main Street and its portfolio companies, and on the U.S. and global economies, including public health requirements in response to the pandemic.
- Changes in laws and regulations or business, political and/or regulatory conditions that may adversely impact Main Street's operations or the operations of its portfolio companies.
- The operating and financial performance of Main Street's portfolio companies and their access to capital.
- Competitive factors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+0.8%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+0.1%
Avg return
30 days after
66%
42 / 64 earnings
Positive
+8.1%
Q1 2010
Best reaction
-9.4%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.4% | -10.0% | -8.4% | |
| Q4 2025 | -2.2% | +1.4% | -11.3% | |
| Q3 2025 | +2.9% | +3.5% | +6.3% | |
| Q1 2025 | -0.2% | +0.3% | +8.4% | |
| Q4 2024 | +3.2% | -1.5% | -3.9% | |
| Q3 2024 | +0.6% | +1.4% | +7.3% | |
| Q2 2024 | -0.7% | -1.1% | -0.6% | |
| Q1 2024 | -2.4% | -1.6% | -3.7% | |
| Q4 2023 | +1.0% | +2.7% | +2.5% | |
| Q3 2023 | +3.5% | +2.2% | +6.1% | |
| Q2 2023 | -0.2% | -1.7% | -4.3% | |
| Q1 2023 | -0.7% | -0.4% | -0.7% | |
| Q4 2022 | +3.0% | +6.7% | -1.3% | |
| Q3 2022 | +4.6% | +4.7% | +2.0% | |
| Q2 2022 | +1.2% | -0.9% | -9.7% | |
| Q1 2022 | -1.5% | -5.5% | -8.6% | |
| Q4 2021 | +2.7% | +2.0% | +0.3% | |
| Q3 2021 | +4.0% | +4.4% | +0.4% | |
| Q2 2021 | +0.8% | +2.3% | +0.5% | |
| Q1 2021 | -1.0% | -3.6% | -2.2% | |
| Q4 2020 | -0.7% | -0.6% | +6.3% | |
| Q3 2020 | +0.0% | +8.3% | +12.8% | |
| Q2 2020 | +3.2% | +4.8% | -4.0% | |
| Q1 2020 | +4.0% | +6.5% | +32.5% | |
| Q4 2019 | -8.0% | -5.0% | -41.2% | |
| Q3 2019 | -3.5% | -2.3% | -1.4% | |
| Q2 2019 | -0.0% | +1.8% | +3.7% | |
| Q1 2019 | +2.2% | +2.2% | +2.6% | |
| Q4 2018 | -1.8% | -4.1% | -4.9% | |
| Q3 2018 | -0.4% | +4.6% | +2.5% | |
| Q2 2018 | +2.1% | +2.8% | +1.9% | |
| Q1 2018 | +2.5% | +3.1% | +2.2% | |
| Q4 2017 | +0.5% | +0.1% | +2.3% | |
| Q3 2017 | +2.2% | +3.4% | +0.1% | |
| Q2 2017 | -0.4% | +2.1% | +0.2% | |
| Q1 2017 | +0.7% | -0.3% | -3.7% | |
| Q4 2016 | +0.2% | -1.1% | -0.6% | |
| Q3 2016 | +1.0% | +4.1% | +10.5% | |
| Q2 2016 | +1.7% | +1.1% | +1.8% | |
| Q1 2016 | +1.0% | — | — | |
| Q4 2015 | +3.3% | — | — | |
| Q3 2015 | -1.3% | — | — | |
| Q2 2015 | -2.4% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | +0.1% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +2.9% | — | — | |
| Q1 2014 | -2.6% | — | — | |
| Q4 2013 | -0.7% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q2 2013 | +0.9% | — | — | |
| Q1 2013 | +2.6% | — | — | |
| Q4 2012 | +2.9% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +1.7% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2011 | +1.5% | — | — | |
| Q3 2011 | +0.9% | — | — | |
| Q2 2011 | -9.4% | — | — | |
| Q1 2011 | +4.3% | — | — | |
| Q4 2010 | +2.3% | — | — | |
| Q3 2010 | +5.1% | — | — | |
| Q2 2010 | +2.1% | — | — | |
| Q1 2010 | +8.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro